CORNING INC /NY — Director's Dealing 2007

Jul 30, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2007-07-27

Reporting Person: HOUGHTON JAMES R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-27	Common Stock	M	50000	$3.8	Acquired	161547	Direct
2007-07-27	Common Stock	S	50000	$24.23	Disposed	111547	Direct
2007-07-27	Common Stock	M	50000	$4.06	Acquired	161547	Direct
2007-07-27	Common Stock	S	50000	$23.8054	Disposed	111547	Direct
2007-07-30	Common Stock	M	100000	$4.06	Acquired	211547	Direct
2007-07-30	Common Stock	S	50000	$24.1	Disposed	161547	Direct
2007-07-30	Common Stock	S	50000	$24.2254	Disposed	111547	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-27	Stock Option (right to buy)	$3.8	M	50000	Disposed	2012-01-02	Common Stock (50000)	Direct
2007-07-27	Stock Option (right to buy)	$4.06	M	50000	Disposed	2012-12-03	Common Stock (50000)	Direct
2007-07-30	Stock Option (right to buy)	$4.06	M	100000	Disposed	2012-12-03	Common Stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9782	Indirect

Footnotes

F1: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

F2: The options vested in three equal installments on 01/03/2004, 01/03/2005, and 01/03/2006.

F3: The options vested in three equal installments on 12/04/2003, 12/04/2004, and 12/04/2005.